27 August, 2024

China's commercial aircraft fleet to more than double by 2043 for growth and modernization

Boeing estimates air travel in mainland China will grow 5.2% annually!


U.S. plane maker Boeing says China will more than double its commercial aeroplane fleet by 2043 as its aviation industry expands and modernizes to meet the growing demand for passenger and cargo air travel.


In the Commercial Market Outlook (CMO) Boeing contends:


Air travel in China is forecast to become the world's largest traffic flow, driving growth in the single-aisle fleet, which accounts for more than three-quarters of deliveries.
China will have the world's largest widebody fleet, with demand for 1,575 new widebody airplanes.
China's freighter fleet – including dedicated and converted models – will nearly triple with demand stimulated by its booming e-commerce sector.

 Chinese carriers will need aviation services worth $780 billion to support the growing fleet, including digital solutions, maintenance and modifications.

Its airline industry will need to hire and train nearly 430,000 new personnel to support new pilots, maintenance technicians and cabin crew.



"China's commercial aviation market for passengers and cargo continues to expand, driven by economic growth and airlines building their in-country networks," said Darren Hulst, Boeing vice president of Commercial Marketing. "As this forecast shows, China's airlines will see strong demand, requiring further growth of their modern fuel-efficient fleets."

China's commercial fleet will grow 4.1% annually, from 4,345 to 9,740 aeroplanes by 2043, and its annual passenger traffic growth of 5.9% will exceed the global average of 4.7%, according to the CMO. Passenger volumes will receive a boost as airlines grow their networks by connecting major hubs to smaller cities.

New deliveries
(2024-2043)


Regional

365

Single Aisle

6,720

Widebody

1,575

Freighter

170

Total

8,830



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